2 former TierOne executives charged with fraud

The former chief executive of failed TierOne Bank pleaded not guilty to white-collar criminal counts Wednesday. Earlier this week, the company’s ex-president pleaded guilty in the biggest Nebraska bank failure during the 2008-era financial crisis.

Gilbert Lundstrom, CEO of Lincoln-based TierOne from 1999 to 2010, was indicted this week by a federal grand jury in U.S. District Court in Lincoln.

He is charged with 15 counts, including mail, securities and wire fraud. Court records show that Lundstrom pleaded not guilty to the charges in court Wednesday.

“Gil is innocent and he looks forward to being vindicated at trial,” said Dan Collins, Lundstrom’s Chicago attorney.

Read on.

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